The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1887-09-01
BARTLETT'S CLEAN SWEEP.
Further Developments in the sum
ter Bank Robbery.
.Specio2 Neacs and Courier.

Further DoTelOpHentS thS
ter Bank Robbery.
Special Neacs Gnd Courier.
SUMTER, August 27.--Bartlett's bonds
men through their counsel, Messrs.
Earle 4 Purdy, Haynesworth & Cooper,
and. Col. John J. Dargan, notified the
bank officials this morning that protest
would be made against Receiver Phil
lius's being allowed to take charge OF
affairs, on the ground that his appoint
ment at this time IS not sanctioned by
law. The bondsmeu have also demand
ed to be allowed to have representa-
tive present during the investigation OF |
the affairs OF the bank. The officers i'll
formed the bondsmen that they would |
have to wait and lay the matter before |
the receiver when he arrives.
Mr.. Phillips was expected to arrive !
this morning on the Atlantic Coast Line, !
but did not come. Col. Tate, the bank
examiner, has stated that the defalca- !
ton, so far as has been investigated,
will cover all the capital and earnings OF
the bank, amounting to between S60,OOO !
and S7O,O9n. 1t will be impossible for
some time to arrive at the exact amount.
All of the correspondents have to 0e
heard from before it can be computed
and this will require some time. Let
ters are received by every mail which
swell the amount Of the liabilities. Col.
Tate says he will complete the report
tonight in all probability. He was at
work last night until after midnight.
This failure is doubtless one OF the most
extraordinary on record. The fact seems
now to be patent that Bartlett took on
everything that lie could possibly make
use Of.
A large package of notes, which Presl-
dent Wallace had endorsed and lald
aside to be sent to New York to be re-
discounted, are missing, and there is no
doubt but what Bartlett made use or
them. There are number OF otner
missing papers which he would have
been obliged to forge the presidents
name to. and there is no doubt but what
he did this.
The report has gained cr dence
through the country that great lncon-
venience will be experienced here during
the fall in selling cotton, owing to the
banks embarrassment. Several mcr-
chants and cotton buyers have requested
me to state that this impression is tho-
roughly erroneous and that arrange
ments have been made and trade will
not in the least be affected by this Ca
lamity.
Mr.. Tate tonight furnishes the fol-
lowing figures us the result OF his lnves-
tigation of the assets of the bank anu
the amounts to Bartlett's credit:
Notes due the bank. ............. Si3,1OO
Cash in bank. ................... 1,ouu
Due from the sale of bonds in
Washington. .:.........-..... 2,Ooo
Bartlett's check on Henry Clewes
g. Co, New York. k............. 2,70O
Sumter Cotton Mills stock attach'd 800
Total. l................... So2,IOO
There are some other small amounts
in the banks favor, but as there is no
certainty as to the sums the figures are
not given.
Eighty Thousand Dollars Short-Cap-
ital and Profits Gone.
SUMTER, August 3O.-Col. Tate, the
bank examiner, has finished his report
on the condition Of the bank, and will
forward it 10 Comptroller Trenholm to-
night. Bartlett's defalcation amounts
to s79, Of. All the correspondents
of the bank have been heard from, and
this is a full and correct statement Of the
defalcation. The capital of the bank
was $4,000, and the surplus and undi-
| vided profits about 1000. 1t is thus
seen that Bartlett stole every cent that
| the bank was worth, and over $4,000
! besides. Considering his opportunity
Bartlett perpetrated undoubtedly the
most stupendous bank steal on record,
and his system of robbery must have
| been a most ingenious one to have es-
capped detection so long.
An express money package was re-
ceived this morning by the bank from
Henry Clews & Co., OF New York. con-
tanning s2,706 OF, the amount held by
| that house to Bartlett's credit.
There is in desk in the bank drawer
which Bartlett always used for his pri-
vate ipapcrs. 1t is secured by Yale
lock, and cannot he opened without be-
ing broken. 1t will probably be forced
tomorrow, and its contents may devel-
op something which will lie of considera-
| BILE interest. Below is full schedule Of
| the property belonging to Bartlett,
which has been attached by Sheriff San
ders. 1t is impossible to arrive at the
exact worth of the property until 1t is
| sold, so that the values attached to each
item are merely approXil ete:
! Seventeen shares Nation. Bank
| stock and seventeen half shares
Sumter Gotten Mills stock. $ $50 90
Ten shares Building ant
| Loan stock k.................... $50 0O
| Check on Mercantile National
| Bank of New York city,. l23 GO
Household furniture ............. 125 90
| Louisiana State Lottery tickets
(co.t 81 ~. D.................... 200 90
| Total. .......................$1, 81, ,475 90
Bartlett owned twenty-eight half
| shares in the Sumter Cotton Mills: but
the sheriff has been able to secure only
seventeen of them. 1t is supposed that
the others have been hypothecated.
| The check on the Mercantile Bank was
received in the package with the lottery
| tickets and is supposed to have been
winning Bartlett made in the lottery.
The drawing in the lottery for which
the bank holds $l44 worth Of tickets
will take place on September il. 1t
would be strange freak Of fate if they
were to draw a sufficient amount to
make good Bartlett's defalcation.
| Col. Wallace informs your correspon-
dent that he has made arrangements to
open a banking house here in few
days. lie is now prepared to do any
collecting or exchange business and
will be ready to make loans, &C., III
| about week.
The organization OF new bank is be-
ing discussed by the business men OF the
town, and the plan will take definite
shape in a day or two. They realize
that the best way to inspire confidence
in the public mind is to 90 right ahead
| and work hard to retrieve the loss.
| Although the bank failure is a heavy
blow to the town, the business men are
| nv no means disheartened or in any way